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AIG says Coventry breached its fiduciary duty and engaged in racketeering by overcharging for policies and by taking unlawful fees. (Credit: AP)

Ex-AIG Exec Takes Stand In $2B Coventry Racketeering Trial

American International Group Inc.'s former head of risk management said Friday he was “stunned” to hear allegations that life policy seller Coventry First LLC systematically overcharged the insurance giant, but Coventry sought to dispel AIG's $2 billion racketeering case by portraying him as part of a loose operational culture that tolerated departures from contractual rigors.

  • ITC Won’t Block Nokia Phone Imports In InterDigital IP Row

    The U.S. International Trade Commission determined on Friday that Microsoft Corp. and Nokia Corp. hadn’t infringed two of InterDigital Communications Inc.'s smartphone network connection patents and refused to block Nokia handsets from import and sale in the U.S.

  • ‘Patent Troll’ Must Pay HTC, Motorola Atty Fees In IP Row

    A New York federal judge on Friday awarded partial attorneys’ fees to HTC Corp., Motorola Mobility LLC and BlackBerry Ltd. in a dismissed patent infringement suit brought by Advanced Video Technologies LLC, which the judge called a "patent troll” that must pay fees under the U.S. Supreme Court's Octane ruling.

  • Jury Gives AT&T Win In Cellphone IP Row With Enovsys

    A California federal jury on Thursday found that AT&T Mobility LLC did not infringe two patents held by Enovsys LLC covering cellphone privacy technology and invalidated three of four asserted claims for one patent.

  • 3rd Circ. Says Qualcomm Shareholder Vote Was Authorized

    Qualcomm Inc. remained free of claims that company executives weren’t authorized to slate a tax-friendly amended stock bonus plan for a shareholder vote, with the Third Circuit ruling Friday that the board had delegated “broad powers” to the executives to oversee such plans.

  • Nautilus Dooms Dow's $30M Award In IP Row, Fed. Circ. Rules

    The Federal Circuit on Friday threw out $30 million in supplemental damages that Dow Chemical Co. won in a patent dispute with Nova Chemicals Corp. over two plastics technology patents, ruling that under the U.S. Supreme Court's Nautilus decision the patents are invalid as indefinite.

  • DC Circ. Lets NSA Phone Surveillance Continue Amid Suit

    The D.C. Circuit lifted a lower court’s injunction on the National Security Agency’s phone metadata collection program on Friday, ruling in a 2-1 decision the plaintiffs challenging the program lacked a substantial likelihood to win the case.

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